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The Latest Breaking News from Atanu Chakraborty

HDFC Bank CEO reappointment delayed by board review, sources say

HDFC Bank has delayed recommending CEO Sashidhar Jagdishan's reappointment to the Reserve Bank of India (RBI) as its independent directors conduct an additional review, Reuters reported citing sources. The review is examining media reports alleging the bank offered preferential rates on certain large deposits, though sources said no wrongdoing has…

The Economic Times

Q1 Showdown: Analysts pick top bets as ICICI Bank, HDFC, Axis, Kotak, Yes Bank gear up for results this week

Five major private banks will announce their Q1 results this Saturday. Analysts offer mixed views on which banking stocks investors should consider. ICICI Bank is favored for its strong performance and reasonable valuation. HDFC Bank is seen as a defensive choice, while Axis Bank shows momentum. Kotak Mahindra Bank and…

The Economic Times

HDFC Bank's total workforce witnesses reduction of 3,343 employees in FY26

HDFC Bank reduced its workforce by 3,343 employees during the last fiscal year. The bank's total balance sheet expanded by twelve percent to over forty-three trillion rupees. Employee attrition stood at twenty-three percent, while senior management roles saw an increase.

The Economic Times

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HDFC Bank ex-chairman Atanu Chakraborty's FY26 earnings rise 3.5% despite early exit

Atanu Chakraborty's earnings rose to Rs 1.07 crore in FY26, as per HDFC Bank disclosures. He resigned as chairman citing ethical concerns, which raised governance questions. The bank appointed external law firms to review Chakraborty's statement. These firms found no substantiation for his claims after reviewing records. Chakraborty attended all…

The Economic Times

HDFC Bank MD: Chakraborty's abrupt exit a 'challenging event' that raised governance questions

HDFC Bank MD Sashidhar Jagdishan addressed chairman Atanu Chakraborty's resignation and governance questions. External law firms reviewed Chakraborty's statement, finding it unsubstantiated by records and interviews. The bank welcomed new chairman Rajiv Kumar, noting his financial sector reform experience. Jagdishan assured shareholders of the bank's commitment to strong corporate governance…

The Economic Times

HDFC Bank shares gain 2% after Q1 biz update; advances rise 15.4% YoY, deposits grow 14.7%

HDFC Bank shares rose 2% after the lender reported healthy business growth for the April-June quarter of FY27. Gross advances increased 15.4% year-on-year to Rs 30.61 lakh crore, while advances under management rose 12.4% to Rs 31.27 lakh crore. Period-end deposits climbed 14.7% to Rs 31.71 lakh crore, reflecting steady…

The Economic Times

HDFC Bank Q1 business update: Gross advances rise 15% to Rs 30.61 lakh crore

HDFC Bank has announced robust financial results for the April-June quarter of FY27. Gross advances surged 15.4% year-on-year to Rs 30.61 lakh crore. Advances under management also saw a healthy 12.4% increase. Deposits grew by 14.7% to Rs 31.71 lakh crore, with CASA deposits rising 9.4%, indicating strong customer confidence…

The Economic Times

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HDFC Bank shares down 20% in 2026 so far. Time to buy as the governance cloud clears up?

HDFC Bank shares have plunged 20% this year amid governance concerns, sparked by a former chairman's resignation. The bank has since appointed a new part-time chairman and key financial officers. While leadership is strengthening and operations are improving, analysts advise caution against trying to time the bottom, suggesting other banks…

The Economic Times

HDFC Bank shares in focus as lender appoints ex-finance secretary Rajiv Kumar as part-time chairman

HDFC Bank has appointed former IAS officer and ex-Chief Election Commissioner Rajiv Kumar as its Part-time Chairman, following Atanu Chakraborty's abrupt resignation over ethical concerns. Kumar, known for his role in cleaning up public sector bank balance sheets, will serve a three-year term subject to RBI approval. The bank also…

The Economic Times

HDFC Bank appoints former financial services secretary Rajiv Kumar as new Non-Executive Chairman

HDFC Bank has appointed former IAS officer and ex-Chief Election Commissioner Rajiv Kumar as its Part-time (Non-Executive) Chairman. The bank's board approved his appointment as an Additional (Independent) Director for four years, effective June 30, 2026. Kumar's three-year term as Chairman awaits RBI approval, with shareholder consent also needed for…

The Economic Times

HDFC Bank case: Ex-Chairman Atanu Chakraborty questions external legal review, calls it "superfluous"

Former HDFC Bank chairman Atanu Chakraborty has questioned the necessity of an external legal review into his resignation, stating the bank never clarified the investigation's scope or legal basis. He declined to participate, citing a lack of response to his requests for terms of reference.

The Economic Times

HDFC Bank legal review finds no evidence backing former chairman Atanu Chakraborty's allegations

HDFC Bank's extensive legal review found no evidence in board records to support concerns raised by former Chairman Atanu Chakraborty's resignation. The three-month investigation by domestic and US law firms examined meeting minutes, documents, and interviewed key personnel. This thorough process aimed to ascertain if Chakraborty's allegations had any basis…

The Economic Times

HDFC Bank shares in focus as RBI approves 3-month extension for Keki Mistry as interim chairman

HDFC Bank's interim chairman, Keki Mistry, has received a three-month extension from the RBI until September 18, 2026, easing concerns about leadership. This development follows speculation about former RBI Deputy Governor Rajeshwar Rao being considered for the permanent role. Mistry took over after Atanu Chakraborty's abrupt resignation.

The Economic Times

HDFC Bank extends Keki Mistry's interim chairman tenure by three months

HDFC Bank announced a three-month extension for Keki Mistry as interim part-time chairman. The Reserve Bank of India approved this extension until September 18, 2026. This decision comes after the previous chairman's resignation. Mistry continues in his role, ensuring continuity at the bank.

The Economic Times

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The Economic Times

After courts, RBI, independent reviewers clear HDFC Bank; persistence of crisis narrative raises questions

HDFC Bank is facing a barrage of governance allegations and panic. However, court relief and regulatory reassurances indicate no material adverse findings. Separate developments have been combined to create a perception of failure. Key facts counter this narrative, suggesting a deliberate effort to damage the bank's reputation. The bank remains…

The Economic Times

HDFC Bank shares drop 25% in 2026. Buying opportunity or falling knife?

HDFC Bank shares have plummeted over 25% this year, driven by governance concerns following the former chairman's resignation and an internal probe into marketing spend. Analysts are divided, with some suggesting patience due to ongoing trust issues, while others see an opportunity for long-term investors to buy the dip.

The Economic Times

HDFC Bank shares fall 5% in two sessions; lender responds to recent Rs 45 crore differential payment report

HDFC Bank shares dropped for a second day following a report of an internal investigation into Rs 45 crore in payments disguised as marketing expenses. The bank clarified that its internal audit function conducts reviews, and observations are addressed.

The Economic Times

Quant Small Cap Fund exits HDFC Bank, Jio Financial Services and 5 other stocks in April

Quant Small Cap Fund reshuffled its portfolio in April, exiting seven stocks including HDFC Bank and Jio Financial Services while adding new names and trimming exposure in select counters. The fund maintained a defensive stance with higher large-cap allocation, aiming to manage volatility and improve liquidity amid broader market uncertainty.

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